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Press Release

Crossroads Equipment Lease & Finance Introduces Insurance Offering with Cover Whale
Crossroads Equipment Lease and Finance is excited to announce the addition of commercial trucking insurance to its offering. Crossroads will offer its customers an array of coverage options including: Commercial Auto Liability, Commercial Physical Damage, Cargo, and Non-Trucking Liability.

Crossroads Equipment Lease & Finance Welcomes new CFO Michael Jones
Crossroads Equipment Lease and Finance is pleased to announce and welcome Michael Jones as its new Chief Financial Officer.

Velocity Truck Centers Acquires Central California Truck and Trailer Sales
Velocity Truck Centers (VTC), the leading group of commercial vehicle dealerships in the Southwest, is pleased to announce that the company has acquired Central California Truck and Trailer Sales, Inc. (CCTTS), the leading independent used-truck and new/used trailer retailer in California.

Thousands of Commercial Trucks Likely to be Denied Registration in 2020 by California DMV
According to the California Air Resources Board (CARB), there are more than 400,000 Heavy Duty diesel vehicles based in California who obtain registration from the California DMV.

CARB To Host Webinar on Truck and Bus Rule Standards
Over the past several years, the California Air Resources Board has implemented several comprehensive regulations to control emissions from heavy duty, diesel engines operating in California.

CARB Approves $48M Allocation for CalCAP On-Road Loan Program
On Thursday, the California Air Resources Board (CARB) adopted the 2019-2020 Fiscal Year Funding Plan for Clean Transportation Incentives. The Funding Plan serves as the blueprint for expending the Clean Transportation Incentives funds appropriated to CARB in the State budget.

Los Angeles/Long Beach Trucking Company Replaces Existing Diesel Fleet with Near-Zero Emissions Heavy Duty Trucks
Total Transportation Systems, Inc. rolls 40 new near-zero emission trucks into port service with financing through Crossroads

Crossroads Launches Outreach Campaign Ahead of California ARB Registration Ban
More than 100,000 trucks stand to lose registration in 2020

Crossroads Equipment Lease & Finance Welcomes Shelby Chase and Mike Peterson
National Transportation Lender Expands Customer Service and Syndication Teams

Fleets of 10 or Less See Additional Opportunity in California
For the past 7 years, California has required any heavy-duty diesel vehicle over 14,000 pounds GVWR operating in California to meet strict in-use emissions standards or face large fines and possible registration holds from DMV.

Get While the Getting is Good
Nothing is Free, but the state may make it cheaper. There is not much of an argument against transitioning the transportation fleet to a zero-emission platform, in theory at least.

Thousands of fleets denied registration in California
The California Air Resources Board (CARB) has issued several thousand DMV registration holds for non-compliant equipment currently operating in California.

Crossroads speaks at Harbor Trucking Association’s DrayTECH Conference
Harbor Trucking Association held their annual DrayTECH Conference in Long Beach yesterday, and Crossroads’ VP of Government Programs Matt Schrap shared some insight into emerging innovations that will help revolutionize the drayage industry as a speaker on the Clean Tech: Driving Down Emissions panel.

Crossroads Credit Manager Suzann Fakhoury Passes CLFP Exam
Suzann Fakhoury, Credit Manager at Crossroads Equipment Lease and Finance, recently passed the CLFP exam, given by the Certified Lease & Finance Professional (CLFP) Foundation.

Crossroads Launches Significant Improvements to Website
Crossroads Equipment Lease and Finance, a leading provider of world class transportation financial solutions has launched significant improvements to our website

Kachidurian Appointed as Executive Vice President – Business Development for Crossroads Equipment Lease and Finance
Jim Kachidurian has been named Executive Vice President – Business Development Reporting to Howard Shiebler, President of Crossroads.